The Fintech Times

DECEMBER 16, 2024

The Australian Securities and Investments Commission (ASIC), the country’s financial regulator, has filed documents against HSBC Bank Australia as it alleges the bank failed to adequately protect customers from being scammed out of millions of dollars.

Scams 64

Scams Online and Mobile Banking Non-Bank Transactions 64

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

API 147

API Payment APIs and Integration Participant Regulations 147

PYMNTS

MAY 25, 2018

“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the country’s treasury, said on Thursday (May 24). Without mobile banking, it would cost $5 in bus fare to deliver the cash, which is a lot of money for most Kenyans.

Regulations 40

Regulations Financial Inclusion Mobile Banking Debit Card 40

PYMNTS

FEBRUARY 20, 2018

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters , traditional banks will feel the impact if FinTechs start offering services such as payments, crowdfunding, mobile banks and online trading.

Regulations 40

Regulations Rules FinTech Online and Mobile Banking 40

Fintech Review

FEBRUARY 13, 2024

With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. It’s crucial for regulators to enforce stringent standards for data security and privacy to ensure consumer protection. Finding the right balance is a delicate and ongoing process.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Finovate

MARCH 6, 2025

Online travel booking company Expedia is partnering with mobile banking and lending fintech Upgrade to make its cruise booking services more accessible. Regulators in the UK and Europe are more closely scrutinizing BNPL tools, while BNPL pioneer Klarna is reportedly set to file a $1 billion-plus IPO as early as next week.

BNPL 59

BNPL Online and Mobile Banking Volume Credit Cards 59

Fintech News

OCTOBER 22, 2024

Booming digital banking adoption fuels fraud Over the past couple of years, APAC has experienced a digital banking revolution fueled by technological advancements, supportive regulations, and evolving consumer expectations. Similarly, Singapore regulators launched in April 2024 a digital platform called COSMIC.

APACS 123

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 123

The Payments Association

OCTOBER 28, 2024

Mobile banking fraud , on the other hand, is on the rise, with a 10% increase in losses, reaching a new record high for the first six months of a year since data collection began in 2015. As mobile banking apps become the preferred platform for an increasing number of users, fraudsters have identified new vulnerabilities to exploit.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Paypers

AUGUST 23, 2016

(The Paypers) The National Broadcasting and Telecommunications Commission (NBTC) has announced the launch of a mobile-banking fingerprint app.

Mobile Banking 28

Mobile Banking Regulations 28

Fintech Finance

OCTOBER 15, 2024

Instant payments can be made between accounts at different banks or at the same bank, without using bank details. The service is available to end consumers through the mobile banking apps of participating banks and offers a fast and seamless payment experience, aiming to be integrated into daily life.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

PYMNTS

JULY 24, 2020

London startup mobile bank Revolut Ltd. Under the terms of the deal, Paxos handles the back-office details needed to make the cryptocurrency brokerage operate on Revolut’s platform, including compliance with state and federal regulations, while enabling Revolut to handle the customer-facing aspects of the relationship.

Debit Card 102

Debit Card FinTech Cryptocurrency Mobile Banking 102

Fintech Review

APRIL 11, 2025

This includes services like mobile banking, peer-to-peer payments, investment platforms, and blockchain applications. This shift affects banks, insurers, asset managers, and regulators alike. Mainframes and early banking software marked the first wave of digital financial tools.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

PYMNTS

DECEMBER 6, 2016

Or being big and regulated. Big and regulated banks — especially these days — are not set up to sprint. Decades of legacy infrastructure and a web of regulations make it tough to adopt a “move fast and break things” mantra — even if the regulators would allow it. It’s not easy being big. Yes, that Citibank.

FinTech 94

FinTech Compliance Regulations Authentication 94

PYMNTS

FEBRUARY 18, 2020

The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank. Recently, Varo Money , a mobile bank, got FDIC approval to accept consumer deposits.

FinTech 97

FinTech FDIC Online and Mobile Banking Returns 97

PYMNTS

MAY 29, 2017

Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. M-Pesa began in Kenya 10 years ago under the umbrella of Safaricom, the Kenyan branch of U.K.-based based Vodafone.

Mobile Banking 43

Mobile Banking Central Bank Government Governance 43

The Paypers

SEPTEMBER 11, 2019

(The Paypers) Australian Prudential Regulation Authority granted a new banking license to mobile banking startup Xinja Bank.banking licence.

Mobile Banking 28

Mobile Banking Authorization Regulations 28

The Fintech Times

FEBRUARY 20, 2025

TrueLayer , a UK Pay by Bank network, appoints Basil Bailey as the CEO of TrueLayer Ireland and General Manager of TrueLayers European business.In his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution licence and is regulated by the Central Bank of Ireland.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

PYMNTS

AUGUST 21, 2019

The bank is making use of technologies like machine learning (ML) and advanced data analytics to ensure its updated app provides the most personalization and speed that it can to customers. Digital banking is on the rise worldwide, with regions like Taiwan following Singapore’s lead and introducing digital banking licenses.

Online and Mobile Banking 77

Online and Mobile Banking AI Mobile Banking Innovation 77

PYMNTS

DECEMBER 14, 2018

In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. financial services sector as consumers embrace digital technology for the banking and retail industry. The report indicates that the total value of mobile banking app transactions is likely to reach £3.4

Payments 72

Payments Online and Mobile Banking Regulations Faster Payments 72

PYMNTS

OCTOBER 16, 2018

Earlier this year, the financial institution (FI) enhanced digital services for its corporate customers by integrating Face ID for business clients, a biometric security feature that enables corporate users of HSBC’s mobile banking platform to use their face to access their accounts.

API 74

API Mobile Banking Small Business FinTech 74

The Payments Association

DECEMBER 18, 2024

With millions of people relying on mobile phones but lacking access to traditional banking services, digital wallets provide crucial financial servicesoffering everything from secure transactions to mobile banking options. ”

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

FICO

DECEMBER 14, 2016

Like the plethora of payment options in the US, PSD2 will certainly test the agility of European banks’ fraud defenses. No regulations! The Office of the Comptroller of Currency (OCC) will, for the first time, start granting banking licenses to fintech firms. Getting a banking license is a privilege. VC funding!

EMV 80

EMV FinTech Chip Cards Office of the Comptroller of the Currency 80

Clearly Payments

JANUARY 29, 2024

Additionally, neobanks face competition from major banks transitioning to digital platforms and are hindered by incomplete Open Banking regulations. The demand for lower fees: Neobanks typically charge lower fees than traditional banks, which is appealing to cost-conscious consumers.

Online and Mobile Banking 105

Online and Mobile Banking Payments Innovation Push-to-Card 105

PYMNTS

SEPTEMBER 24, 2020

Financial authorities often recommend regulatory changes to ensure that banking data remains secure amid broader financial industry changes, but determining the best steps to take has become challenging as more FIs abandon legacy servers for digitally native cloud infrastructure. EU and U.K.

Compliance 60

Compliance Online and Mobile Banking CCPA Rules 60

The Fintech Times

MAY 30, 2024

The news follows a period of close exchange between N26 and the regulator to combat financial crime and money laundering. We look forward to continuing our close exchange with the regulator in the future.” We want to play a pioneering role among European banks in this field over the next few years.”

Money Laundering 59

Money Laundering Financial Crimes Crime On-Demand 59

PYMNTS

FEBRUARY 21, 2020

FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. The LendingClub announcement follows the news that mobile bank Varo received approval from U.S.

Online and Mobile Banking 89

Online and Mobile Banking Data Breach Compromise Commercial Card 89

PYMNTS

JANUARY 1, 2021

Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer. regulations.”. We also have warning messages that remind people to only send money to people they know and trust.”.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

NOVEMBER 29, 2018

“Banks could also move first to serve the long-tail of underserved small and medium-sized enterprises (SMEs) in the market through entirely digital offerings,” noted the partner. The report posited that FinTech firms, especially those offering mobile loans, are marked by relatively loose regulations, as compared to those that govern banks.

FinTech 67

FinTech Central Bank Value Added Service Underserved 67

PYMNTS

APRIL 21, 2020

That’s especially true for regulated industries like financial services, where there are mandates in place that govern data management, where microservices can help developers deliver new offerings digitally. He noted that with mobile banking apps, people check their balances daily, perhaps even several times a day.

Database 83

Database Mobile Banking Acquirers Technology 83

PYMNTS

APRIL 15, 2019

In his writings on shadow banking in the annual letter, he noted, too, that “growth in shadow banking has been possible because rules and regulations imposed upon banks are not necessarily imposed on these non-bank lenders, which exemplifies the risk of not having the new rules properly calibrated.”.

Non-Bank 70

Non-Bank Online and Mobile Banking PayPal Risk 70

Fintech News

APRIL 22, 2024

of all mobile threats detected included mobile banking Trojans, highlighting the prevalence of these targeted attacks. Furthermore, SecIron provides actionable insights and recommendations to help companies strengthen their security posture and maintain compliance with industry regulations.

Phishing 119

Phishing Security Blocks Cybersecurity 119

M2P Fintech

APRIL 17, 2025

Experience APIs: Experience APIs interact directly with customer-facing channels such as mobile apps, web platforms, or third-party applications. Here is a use case: A mobile banking app may use Experience APIs to show real-time transaction alerts, enable biometric login, or allow customers to apply for a new card.

API 52

API Payment APIs and Integration Non-Bank Fraud Detection 52

PYMNTS

SEPTEMBER 22, 2020

Many financial institutions (FIs), especially online-only entities, moved their digital banking infrastructure to the cloud years ago to prepare for a rising crop of digital users, but the pandemic’s impact goes deeper. Around The Cloud Banking World.

Compliance 76

Compliance Online and Mobile Banking Privacy SWIFT 76

Fintech Review

APRIL 15, 2025

Regulation now requires clear disclosures and credit checks to prevent misuse. It integrates with mobile banking apps and smart home devices. Users can upload invoices or select instalment plans during checkout. This makes large or unexpected bills more manageable and helps spread payments over weeks or months.

Online and Mobile Banking 52

Online and Mobile Banking Payment APIs and Integration BNPL Embedded Payments 52

The Fintech Times

JULY 24, 2024

This shift has led to a bunch of great advancements in mobile banking and money apps, making it possible for financial services to reach even the most remote areas. Governments are promoting digital payment systems and mobile banking to reach unbanked populations.

Finance 59

Finance Online and Mobile Banking Micro-Entry Financial Inclusion 59

Fintech News

APRIL 24, 2025

It operates the SFC-licensed HashKey Exchange, offering a safe and regulated platform for digital asset trading. It offers services like digital banking, financing, investment, and insurance brokerage, focusing on customers in emerging markets. HashKey focuses on regulatory compliance, security, and innovation. Dana Valuation: $1.3

FinTech 138

FinTech Online and Mobile Banking Payment APIs and Integration Finance 138

PYMNTS

APRIL 3, 2018

Mobile banking with blockchain and faster payment technologies will grow faster than ever before,” Mahmood predicted. With blockchain development, software companies are launching new ideas to overcome most of the challenges faced by businesses and banks in security, real-time connectivity and integrations.”.

Small Business 70

Small Business Payment APIs and Integration Faster Payments Blockchain 70